State-owned HPCL will invest Rs 61,000 crore over the next four years in expanding and upgrading its existing refining capacity to meet higher quality fuel norms, the company said in an investor presentation.

The Power Grid Corporation of India Limited is implementing a Rs 8,300-crore project jointly funded by the World Bank and Central Government to revamp the transmission and distribution network in the northeastern region.

A French firm, which is to build six atomic reactors at Jaitapur, has submitted a fresh plan to the NPCIL proposing to share a larger role in the engineering aspect of the project, a top executive of the company said.

Power equipment makers said introduction of the Goods and Services Tax ( GST) will bring them close to a "level playing field" with the Chinese, but the fundamental problems in the sector persists and lack of orders is bleeding these units.

Tenants across Delhi will be the biggest beneficiaries when the new supply code and performance standards regulations issued by Delhi Electricity Regulatory Commission come into effect from September 1.

To bring respite to 26,000-MW gas and hydro power plants that are stranded, the government is planning to introduce what is called “peaking power policy”, which would allow electricity distribution companies (discoms) to step up purchases from these plants.

Reliance Industries Ltd (RIL) is considering a plan to enter retailing of liquefied natural gas and setting up of charging stations for electric vehicles at its petrol pumps, two people aware of the plan said.

The Oil Ministry has intensified monitoring of oil and gas fields of state-owned firms like ONGC to avoid slippages in domestic output derailing the target of cutting import reliance by 10 per cent by 2022.

Following a meeting between India’s Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan, and his Israeli counterpart, Yuval Steinitz, the anticipated bidding of Indian companies for natural gas and oil licenses in Israel appears to be underway, as reported by Ynet.

Every three years since 1933, barring a brief hiatus during hostilities of World War II, the great and good of the oil and gas business have been holding their triennial jamboree – the World Petroleum Congress (WPC) - often dubbed the 'Olympics of the Oil and Gas business' by analysts.

OPEC quintupled its forecast for sales of plug-in EVs, and oil producers from Exxon Mobil to BP also revised up their outlooks in the past year, according to a study by Bloomberg New Energy Finance (BNEF).

Central security agencies have raised concerns over the mega Rs 82,000 crore takeover of Essar Oil by a Russian consortium citing the proximity of its port to Pakistan and nearby defence assets, according to a government official.

With deficient infrastructure severely hurting the competitiveness of India’s exports, the Centre – for the first time under a new scheme launched in March to address the problem — has given its approval for three proposals including one to establish an Integrated Cargo Terminal (ICT) at the Imphal International Airport.

IL&FS Engineering and Construction Company has bagged jobs worth Rs 236.76 crore from state-run Jharkhand Bijli Vitran Nigam under the Integrated Power Development Scheme, the company said in a statement Wednesday.